Business
EDM Initiates Gold Exploration Program at the Scotia Mine
Halifax, Nova Scotia--(Newsfile Corp. - February 24, 2026) - EDM Resources Inc. (TSXV: EDM) (FSE:...
About this update from EDM Resources
EDM Initiates Gold Exploration Program at the Scotia MineHalifax, Nova Scotia--(Newsfile Corp. - February 24, 2026) - EDM Resources Inc. (TSXV: EDM) (FSE: P3Z) ("EDM" or the "Company") is pleased to announce that it has commenced a focused gold exploration program at the Scotia Mine.The President and CEO, Mr. Mark Haywood, stated: "With final permitting progressing and gold exploration now underway, EDM is entering a pivotal phase. Our objective is straightforward: advance the Scotia Mine toward restart while evaluating the potential for additional value through gold mineralization."EXPLORATION AND TECHNICAL PROGRAMSThe Company has commenced a focused gold exploration program targeting prospective zones within its broader Scotia Mine land package. The program builds upon the high-grade gold assays previously reported from concentrate sampling in September 2025, which included lead concentrate composite assays of up to 142 g/t gold (with repeat assays of 157 g/t and 95.5 g/t gold) and zinc concentrate composite assays of 2.93 g/t gold (with repeat assays of 3.64 g/t and 1.46 g/t gold).The initial concentrate assay results were derived from historical material processed during prior operations at the Scotia Mine and were independently confirmed through additional multi-element and gold analyses conducted by AGAT Laboratories. These results highlighted the potential for gold values associated with the existing zinc-lead mineralization. Concentrate assay results do not necessarily reflect in-situ grades and are provided for exploratory context only.The current exploration program is designed to evaluate the source and distribution of gold mineralization within the Scotia Mine property. Work is expected to include:Review and reinterpretation of historical drill core and geological dataGeological mapping of prospective zones within the Meguma Terrane formationTargeted sampling and assay programsEvaluation of gold potential beneath and adjacent to the main zinc-lead carbonate zoneIdentification of priority drill targets for potential follow-up explorationThe Company's objective is to determine whether gold mineralization represents a discrete target, a by-product opportunity within the existing deposit, or a broader structural or stratigraphic control within the regional geology.In parallel, EDM has initiated preparation of an updated Mineral Resource Estimate (...